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international, who was the editor at the time the found hacking happened. it is a big acts, but i do not think it solves the real issue. >> i am satisfied with rebecca, her leadership in this business, and her standard of ethics, her standard of conduct throughout her career. >> with big consumer company after big consumer company pulling their advertising, the fear of being tainted with the association -- by association with the paper, the future looked bleak. >> it is going to be investigated and there must be a full judicial dead -- judicial- led public inquiry. >> the other paper purchased by rupert murdoch in 1969 was quoted the sun city -- was "the sun." >> police in britain say they have identified four thousand possible hacking victims and hundreds more have contacted them saying they too may have been targets. we have the latest on the investigation. a warning, this report contains flash photography. >> this extraordinary affair might have spelled the end for britain's biggest newspaper, but the repercussions will continue. the police with the commissioner facing questions. the milita
in britain, news corp. has made big business mistakes in america. it owns dow jones -- it bought at dow jones in 2007 and two years later it was worth $2.8 billion, less than their purchase price. myspace was bought for $580 million in 2005, sold for $35 million this year. but one of their largest shareholder still has huge confidence in the company. >> you have seen a business that has evolved, moving from newspapers and to other media, and moving more into a fee- based business model as opposed to advertising based. i think there is an awful lot of good steps that have been made, and i am very impressed overall with the company's success. >> rupert murdoch is back in america, more comfortable perhaps in a country where big investors still back him as the chief executive. >> here is a man, even though he is 80 years old, warren buffett is 80 years old and he is doing well, sumner redstone, and these are men with long track records of great success. to not want some of that wisdom in there, i think, would be a mistake. as will rogers said, good judgment comes from experience, and a lot of tha
," washington. >> tom: if richard cordray is confirmed, part of his job will be checking the books of big banks. we'll get a better idea of how they're doing in the coming days when many report quarterly earnings. by the end of this week, 40% of financial firms in the s&p 500 will have reported their numbers. as a group, the results are expected to be downright awful. erika miller reports. >> reporter: banks are the heartbeat of the economy, so their health is often used as a barometer of the recovery-- and the stock market. unfortunately for investors, bank analyst jim sinegal sees plenty of uncertainties ahead. >> in addition to macroeconomic uncertainties, with unemployment high, with g.d.p. growth slow, will the banks be able to add new loans? that's number one. number two is the regulatory uncertainty. we are still not sure where capital levels are going to fall out, and how that's going to affect profitability. >> reporter: as for profitability, diversified financials are expected to be the worst performer this earnings season-- down 94%. this is the group that includes bank of america, j
it's now clear big decisions will have to be made soon. >> by putting social security "on the table," the president is sort of calling the g.o.p. bluff. "okay, here is social security. i've told you medicare will be on the table. are you willing to put revenue increases on the table?" >> the white house believes a $4 trillion agreement is within reach. whether it can be reached will become much clearer this weekend. darren gersh, "nightly business report," washington. california is making progress on its rating. standard and poors today raised its outlook for the golden state from negative to stable. the reason, california was able to pass its budget on time, closing what was once a $27 billion gap. here are the stories in tonight's "n.b.r. newswheel." two encouraging reports about the job market-- payroll processing firm adp says, by its count, american businesses added 157,000 jobs in june. economists were expecting many fewer. that's encouraging for an upside surprise when the labor department reports june job numbers tomorrow. also, fewer people filed for unemployment benefits l
>> i am still pushing for us to achieve a big deal. >> without serious spending cuts, without real reform of our entitlement programs, this problem is not going to be solved. >> susie: republicans and democrats hold closed-door meetings, but not with each other, as both sides maintain a hardline stance on debt ceiling talks. >> tom: the white house deadline for a deal is one week away. the pressure is building as a warning is issued for life insurers holding government bonds. it's "nightly business report" for friday, july 15. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt >> susie: good evening everyone. just one more week until an important deadline, july 22. tom, that's the date when president obama wants a debt- ceiling deal in hand. >> tom: susie, an agreement by a week from tonight gives lawmakers time to write and vote on new legislation before the august 2 deadline. >> susie: it looks like
involved. it's too big. it's too much trauma in our state. i thought the court would not be able to disentangle themselves from the drama. >> 16 years after the massacre, this court ruling about the three men who were turned over to the serbs, could have implications for similar cases against the dutch state. peer -- peter biles, "bbc world news." >> now the concern for the thousands caught up in draught. >> that's right. the draught from east africa is a human tragedy from unimaginable proportions. rains have failed for the past four seasons and more than 10 million people across eethyobeya, so man ya, are facing dire shortages of food, shelter, and medical support. >> day after day, mile after mile, they walk and walk. these are the people of the draught. but they're also escaping from somalia's endless civil war and they trek vast distances across land where it no longer seems to rain. some are sick, like alio who's just 6 months old. some will die along the way. these people we came across today are all from the same village in somalia. what they carry is all they possess. >>
to more than two or three people. if you are talking to an audience, a big audience in a theater or a movie audience, but with television, if there are more than two or three people in the room, they're talking to each other, they're not listening to you. that camera lens became sitting and like talking to you. that is what i loved about it. tavis: there is some much stuff in this book, and there are several things i found fascinating and funny. fascinating, you apparently love crossword puzzles. >> absolutely addicted. i carry them around my purse. i am stuck on the one, the car driving me here, about halfway through but i did not finish. i said i will finish on the way back. tavis: how did you develop a love for the crosswords? >> i don't know, i love words. i am not into numbers that much, and there are people looked on that, but crossword puzzles. if i get a puppy and a paper trained him, all of a sudden i would open the paper and would be a cross word, no, you cannot go on that. tavis: are you pretty good a crossword puzzles? >> i am not a wizard, but i do them so much, pret
, the risk of a u.s. default is also a big worry for many older americans. they're conditioned about their monthly social security payments. now we placed several unanswered calls expecting social security checks on august 3. an additional 27 million beneficiaries expect payments later in the month. we caught up with a couple of them to see what's on their minds. >> it's a scare tactic. i mean because there's so many other things that they can stop before they stop social security checks. >> whether it is the republicans or democrats win this game, you have to remember next year is an election year again. so they're posturing themselves. and they're playing a game that is kind of tough. but again they have to get something passed sooner or later. >> susie: so far, the treasury has not provided details on how the government will decide which bills to pay if the borrowing limit is not raised. executives from the country's biggest banks met today with treasury officials in new york ahead of tuesday's deadline. they discussed how debt auctions would be handled if congress fails to raise
wantsto be speaker. his life. e highest priorit9 in he's achieved it. the other big difference john boehner was once a committee chairman. he pushed legisla$ion throughl he knows how to make deals@at the coittee levels and he believes in the houseworkiwn. righting legislation in the hands of a tight-knit group of peoplea"ound the speake dennis hastert ntued that, nancy pelosi continued that. john boehner is unwinding that concentration of power, making the house a@differt place. >>i think he's got a ot. >> at @@becoming the president? >> yes. >> i don't see that, john. >> just thk about it. >> i just think there are other people are. >> his brand ofrepublicanism would carry. >> but i n't think has the@ -- either the bition or personality@todo that. >> he likes golf too ch! go on campaign trails. >> what about eisenhowe"? eisenhower liked golf a lot >> exit @@estion,@s hn boehner brout civili back to congress, yes or no?@ >> i think to a great @@extent. he is morealmer, asonable, rational guy. he done a good job dog that. >> he's la back, but he's representing a republican caulk tha
campaigned in one city this week. what is at stake for him? >> that is right. the big jet -- the big government juggernaut, if you like. he is responding to the intense wave of international criticism being directed at the country at the moment. the u.s. congressional committee is voting that aid will be cut off to sri lanka unless they show a move away from wartime atrocities. ofy're putting a lot resources into this. >> two opposition groups have claimed harassment by the ruling party, which it denies. it will these elections be free and fair? >> that is a big question about that political -- about that. proper transport is not been provided to voters to go to the polls. there are huge rural areas with no transport whatsoever. refugees returning and trying to rebuild their lives, they may not be able to vote. there have been some nasty incidents reported also. a main -- a main group in the north, the tamela alliance, some have said there has been intimidation. a dog was decapitated and its head was left on the gate of one of the candidates, allegedly. the government denies any wron
struggling. on top of the eurozone is a big market for u.s. multinational firms. so, it's no wonder that economist bruce kasman says it's really bad timing for a rate hike in europe. >> the euro area as a region delivers less in terms of growth as it could in helping the global economy, and then finally it adds risks and vulnerabilities to the really tough adjustments going on in greece and other peripheral countries right now. to be sure, a quarter of a percentage point increase in european rates tomorrow is likely to have only a nominal effect on u.s. growth. the concern is that the european central bank will proceed down a path of tighter monetary policy. >> the step that will be taken tomorrow by itself is not that big a deal, but the signal, if it gets realized in terms of further movements over the next six to 12 months, could have an impact in making it a little harder for the u.s. to get growth than it otherwise would. >> reporter: the good news is that buyers of u.s. stocks don't appear to be troubled by higher interest rates in other areas of the world. equity strategist a
, with the big board trading over one billion shares, nasdaq volume 2.4 billion. the economy worsened in about half the country in recent weeks due to weak home sales and signs of a slowdown in manufacturing. a federal reserve survey out today shows seven of the fed's 12 bank regions reported slower growth. and in another sign of new weakness in the economy, the commerce department says there were fewer orders of aircraft, autos, heavy machinery and computers last month. orders for durable goods fell by 2%. >> reporter: i'm diane eastabrook in orion township, michigan. still ahead, i'll tell you how general motors plans to make money selling this small car with help from the u.a.w. >> susie: can you say $1,630 an ounce? that's the new record for gold prices set today, before the precious metals encountered selling. in new york trading, gold futures lost $2 to settle at $1,617 an ounce. but, as suzanne pratt reports, gold prices could continue to shine on. >> reporter: at morningstar's jewelers and pawnbrokers in hollywood, florida, business is sparkling. but, it's business from customers looki
of favoring big corporate status quo and wall street even though in his heart of hearts, that is not what he believes. tavis: that may be a enough of an albatross to make sure that he does not get reelected. the first two well, he did not control. was all about law enforcement. the second was about congress, not necessarily the white house. it is the third one that could mess him up. he gets on the campaign trail, he can s u responsibility for the first two, can he not? >> the law enforcement part of that has been under his watch. it has and a lax effort. they have not been aggressive. but that's what the obama mentality of let's turn the page on tour -- if fits with the obama mentality of let's turn the page on torture. the dodd-frank, that is a shared responsibility. i wish the obama administration has taken more of a leading role when they were fighting on health care and pushing that forward. health care was taken by his opponents and used to demonize them and helped give him the congress that he now has. tavis: i am curious as to your take on this. how have the obama people so badly mis
. >> but the prime minister faces conflicting pressures. the big western powers want him to respect the tribunal. but hezbollah is a powerful force within his government. and it believes its members now face arrest and it wants the prile minister to reject the -- the prime minister to reject the whole legal process out of hand. this is the hezbollah leader speaking last year. >> mistake to think we were allowed arrest or detention of any of our fighters. any hand that will touch any of them will really be cut off. >> the truck bomb that killed rafik hariri triggered real change in lebanon. it led to mass protests that forced the departure of syrian troops from the country. but as the years have passed, the desire for justice has for some given way to fears that the search for the killers could lead to violent instability in the country. many lebanese do support the tribunal. they want to know who killed ravi -- rafik hariri but others are spirks. they say the tribunal is a tool being used by the western israel to hit out at their political enemies. owen bennett jones, bbc news, beirut. >> french
people about the health care crisis? >> that's a big question, and i would say what i learned and again many interviews. is a lot of the disparity of who gets what. and the gap between rich and poor is bigger than ever. and if you have a lot of resources, fantastic things can happen to you, and if you don't, you probably won't get that chance. and what i learned about america, and it would be impossible to think of it as a person. but what i see recurring, that hope is something that is a part of the american personality. this belief that things will be better and that we can make it better. tavis: hope even about an issue as contentious as health care, and i ask that when the debate was so ugly, and now that we pass it and don't know how much congress will try to roll back what happened. let me ask you what the debate as we sit here today? >> i don't think that the debate is helpful, and they should be but this one isn't. and the democrats admit when it first got rolled out it wasn't explained well. and i think that the debate is causing more confusion, and now i will make my plug for
a big admission because the government has tried to manage this illness. the president has let information out here and there, but no great disclosure. this speech by the president somewhat unexpected and very serious. it was very obvious from watching it that he has had some serious health problems. he lost a lot of weight. his voice is much weaker than we are used to hearing. very clear that he struggles. now he has made it public, hoping the public will back him. >> what do we know what about the medical condition he is suffering from? >> well, we were told several weeks ago that he had to undergo emergency surgery while on a visit to cuba for a pelvic abscess. there was medical silence since then, nothing else about his condition or what he was suffering, just the government saying he was in the recuperation. this evening, he came out himself and said while he was in recuperation, doctors did find cancerous cells. that meant they had to give him under the knife again. he did say that the removal of the tumor was completely successful and he did stress that he was on the roa
is 1.6 trillion pounds. if italy wants trouble, it is too big to be rescued. -- if italy gets into trouble, it is too big to be rescued. italy has world famous vans. what it lacks is low productivity and low growth. some of those who opposed to de's austerity package fear that without growth, italy cannot escape its problems. >> yes, we need to get the debt under control, but this package is not enough. you have to promote growth. in autumn, will be back to square one. >> financial markets also remain wary. most of the savings will not take effect until 2013. italy's borrowing costs are not just high, but close to being unsustainable. the austerity package will be in italy's lower house tomorrow. it is expected to be passed. the real focus remains away from here in greece. there are still deep divisions over how to organize a second bailout for that country. >> kenya's prime minister has promised that a new camp for refugees across the border from the conflict in somalia will now open. the un built the camps in kenya last year. it was intended for emergencies with houses rathe
," and there's a big photograph of the hearing ipts. there's murdoch touching his son on the arm and wendy in the background looking contrite. the c.i.d.ny any morning her -- sydney morning's headline is "they were shocked, appalled and shamed that murdoch is denying blame." you have a photo of murdoch and his son looking grim and wendy sitting behind looking none to -- too happy. when you get into the coverage, the lead is the following sentence "rupert murdoch aaccused his commercial rivals in britain of whipping up a stir of the wrongdoing for their own commercial reasons. ." >> we're going to have to leave it there but thank you very much. it's very interesting to see how it's been -- being reported there. professor knight. we just want to show you some of the headlines that are coming up for us here. "murdoch's humble pie." that seems to be be -- the predominant headline on most of the u.k.'s papers. reference to him stating it was the most humbling day of his life. and a photograph of the protestor with the plate of foam and much being said about his wife who defended him by slapping
by the loyalists heavy artillery. just a couple of big towns now stand between them and the road to tripoli. this is not a regular army. it often seems like quite a sleepy little war. >> rebels do seem to have some forward momentum at this part of the front line at least. they need weapons, ammunition and money. for ordinary fighters, the focus is on the next battle. if all goes to plan, this will be in the small town nearby. the rebels some and the tribal leader there. they told him he had 48 hours to evacuate civilians before the assault. the rebels are confident. they believe things are going their way. at the first sound of gun power, they complacently assure us it is just their own a man -- their own and having a bit of target practice. it was in fact government loyalists in a surprise attack. it is a nasty shock for inexperienced troops. a spot vehicles moving towards them. they realize -- they spot vehicles moving towards them. they realize they're being surrounded. with frightening rapidity, the rebels front line collapses. we run. so does everyone else. they held a few miles down t
and syria made a big difference last week when he went to the city of hama during mass demonstrations there. he used human shields according to some, and triggered the embassy attack. >> secretary clinton's message was the strongest by far but that the united states has sent, but it still fell short of calling him to step down. it is a constellate very difficult to get out of. president assad must know that the president -- that the united states will be wary of him in syria. >> the scale of the uk phone hacking scandal is enhanced by new evidence that shows that security for queen elizabeth and other members of the royal family has been put risk. if the bbc has learned that according to company e-mails, the news of the work was paying of royal protection officer for information. there was a director of royal contacts, including royal household staff. four other developments, they tried to obtain details of the former prime minister gordon brown's finances, and that the newspaper tried to access medical information about one of his children culminated an act rupert murdoch's bid for b sky b
of the most powerful yet controversial characters in afghanistan. this is seen as a big blow to the fragile security in the southern kandahar area. people have killed four people in northwest italy. a human rights groups said that four were killed when the troops attack villages in the region. an iranian man was arrested at bangkok international airport as he attempted to smuggle $1.6 million worth of methamphetamine into the country. the drug had been disguised as a work of art weighing up to 10 kilos each. another day of high drama of the phone hacking scandal. every minute something new is happening. news corp. has withdrawn its controversial bid for a full takeover of the british broadcaster bskyb. this came shortly before the british parliament began a debate on the phone hacking scandal. >> rupert murdoch's in the news for the wrong reasons. this is one of the great humiliations' for his career. "we believe that the proposed acquisition of bskyb would benefit both companies. it is too difficult to progress in this climate." there was protests inside and outside of the deal. >> i have
big to be rescued. italy has impressive designers and world famous brands. what this masks is low productivity and low growth. some of those who opposed the yesterday package fear that without growth, italy cannot escape their problems. >> we need to put this on the table but this is not enough. you cannot put that if you do not promote growth. we will be back to square one. >> of financial markets also remain wary. most of the savings will not take effect until 2013. italy's's costs are not as high but close to being unsustainable. costs are borrwing not as high. the real focus remains so way from here increase stand there are still deep divisions over how to organize a second bailout. -- the real focus remains far away from here in greece. >> a new camp for refugees fleeing across the border from the drought and conflict of somalia will open. the one built a camp in kenya last year. this was intended for emergencies. officials said shut -- officials shut this down. they would now open it with in the next 10 days. >> time is the best since in this matter. -- time is of essence in
and provocative with a the bbc license fee frozen, plans are drawn up for big cuts across the organization. that means more job losses and possibly more strikes. >> you are watching bbc news. in a firestorm of controversy over the u.k. telephone hacking scandal, two executives have resigned. at least 32 protesters have been killed during demonstrations against assad. in the global economy, it has been announced that there will be a summit next week in brussels to discuss how to handle the debt crisis and had to provide first aid for greece. eight european banks failed stress tests. >> the financial health of europe's banks has come under the spotlight once again get 90 of the biggest banks across the continent have been tested to see how they will cope with the constraint of another recession and financial meltdown. the stress tests, at a difficult time for european markets. investors are alalready on high alert. stress tests were seen as too soft, especially when two irish banks collapsed after being given a clean bill of health. the european banking authority has since beefed up the test
-- recaptured brega and broken out of misrata but not have -- has not done much since then. big advances have been made in the mountains south of tripoli. the rebels are 60 miles away. that group is separate from the rest and they believe nato does not want them to enter tripoli for the time being. another pro-khaddafi demonstration in tripoli on state tv tonight. with leaders voiced little loudspeakers pretty promises of them the fighting and sacrifices will continue until the west is defeated. they have got to make the sacrifices. britain and the others hope they will soon get sick of it. >> we have an expert who has been analyzing the membership of the transitional council later. do stay with us for that. in other news, norway's prime minister has set up an independent commission to look into events during the bomb attack and mass shooting. it will examine the killing of 70 people and the role of the police who have been accused of responding too slowly. >> he made his bomb and planned his massacre. the army get ready to get ready -- are getting ready to destroy his explosives. the bombing
up for big cuts across the organization which will mean more job losses and possibly more strikes. jim buchanan, "bbc news." >> you're watching "bbc news." our main headline in this hour, a little controversy over the phone hacking scandal. two key executives of rupert murdoch's empire have resigned. at least 32 protestors have been killed during demonstrations against president assad. >> 15 million pounds have been raised for victims of the worst drought in east africa for decades. but the disaster emergency committee says it's not enough to help the 10 million people who are fighting famine and disease. our correspondent has been traveling through some of the worst affected area from north eastern kenya from where he reports. >> this is north eastern kenya, one of the poorest part of the country, the landscape parched, the lives of its people blighted by drought. in one hospital in the district of hobaswain we found three-month old umi. she weighs barely less than a bag of sugar. less than the weight of a healthy children. umi was weak at birth. >> my daughter is alive now, she
. it is a big act. but i do not think it solves the real issues at news international. >> i am satisfied with rebecca and her leadership in this business and her standard of conduct. >> with a consumer company after big consumer company pulling darrent rising from the news of the world for fear of being tainted by association, it was looking bleach. will the parents rehabilitation occurred? >> there must be a full judicial-led a public inquiry. >> the other paper enjewel un."rt, "the so could there be a sunday without a murdoch tabloid? unthinkable. >> police in britain say they have identified 4000 possible hacking victims and hundreds more have not contacted them saying that they, too, may have been targeted. this report contains flash photography. >> this extraordinary affair may have spelled the end for britain's biggest newspaper. but the repercussions will continue. the police and the next commissioner are facing questions. the military has been shocked by new allegations. and hundreds of people may be victims of its practices. the police are striving to cope with calls from people
. the journey ended in bakersfield. today, the big employers here are oil and farming, but the biggest employer of all by far, is the u.s. government, in the form of the military. when america boom, bakersfield. . -- when america boomed, b baker'so feel toomed. all across the south, there are the same basic problems, not enough credit to solve the housing market. >> general david petraeus is regarded as one of america's best and brightest. he's about to begin a new job as head of the cia. our diplomatic editor has been talking to general petraeus on his way home from afghanistan about america's longest war and other matters. >> nato forces in afghanistan have a new commander. general david petraeus is on the way home. he had been expected to serve longer but has been recalled to head the cia. the force he is leaving behind is now being quicker than he recommended. the insurgency has shown itself capable of hitting back with the assassinations and spectacular attacks. nato insists that they're winning. i asked the general what the possible grounds for optimism could be. >> what we have seen now
. it is too big. i would look for to be able to disentangle themselves fomrom this drama. >> 16 years after the massacre, the court ruling about the three men that were turned over to the serbs could have implications for similar cases against the dutch state. >> a disaster unfolding for tens of thousands of people in east africa. >> the un refugee agency has called the drought in east africa and human tragedy of unimaginable proportions. 10 milliond more than people in ethiopia, somalia are facing loss of medical support and food. >> day after day, mile after mile, they walk and walk. these are the people of the drought, but they are also escaping from somalia's civil war. they trek vast distances over land where it no longer seems to rain. some are sick, like this child that is six months old. some will die along the way. these people are all from the same village in somalia. what they carry is all they possess. >> it was too long. we had no food. we were carrying children on our back. we had threats from wild animals, all kinds of suffering. cox this group of villages have been walking f
. >> tonight, president sarkozy met in berlin to meet with angela merkel. they are the two big beasts of the eurozone but they have struggled to agree. they are wrestling with a key challenges, are arranging a second bailout for greece and bringing down its debt. greece needs in new funding of well over 110 billion euros. the first rescue only increased their debt to 350 billion euros. that is 170% of gdp. the two leaders are likely to agree to make the debt more bearable perhaps by laurie the interest rates. -- lowering the interest rates. >> a great amount of the german money goes to say the countries that can be saved. that is contrary to what germany wants. >> many german taxpayers are irritated. this time around, the german chancellor has insisted that the private sector contribute to a new bailout and take some losses and reduce creases debt. -- reduce greece's debt. >> the issue is whether this will be achieved now or at a later point and time. now, we're still muddling through and we will not have a decision. >> in any event, if the banks except losses, a default might be decl
in the future. >> susie: let's talk a little. we were talking to a big institutional shareholder who is very concern body the outlook for this stock. would you buy news corp at $16. is this an opportunity for investors, or is it too risky? >> near term with the $5 billion share buy back that mr. murdoch announced tuesday that begins on august 5th, i think near term, it's probably a buy at news corp, but long term, you have to wait until the dust settles. there's too much uncertainty, and potential liability that the company and senior managers are facing. that want to invest long term. >> susie: there was an article in "newsweek" written by carl bernstein under the title, murdoch's watergate and saying that this is the beginning of the end of the murdoch empire. your thoughts on that. could that be the case? >> i don't think the empire is going to crumble any time soon. but what i think we are seing is perhaps an end to the celebrity type cuture ta inculcated journalism on both sides of the atlantic and has been mainly stimulateed and driven by the murdoch approach to get the news at any cos
anger. now, several big companies including the halifax virgin holidays and -- have decided not to place advertisements in the news of the world this weekend. >> news corporation nor decades, a towering edifice of the global media, created and led by runnest murdoch, confronts a -- by rupert murdoch, confronts a grave threat. ford, mitsubishi, other big companies with big brands say they don't want to advertise in the news of the world this weekend because they don't want to be associated with the shocking revelations about how the newspaper obtained stories. for news corporation, owner of skr news of the world" whose share price fell almost 4% today a reputational crisis looks like it could become a financial problem. rupert murdoch's news corporation wants to buy the 61% of british sky broadcasting it doesn't already own. now, my sources tell me that bieb's scored had taken the view that news corporation would have to pay around 9.6 billion pounds for the b sky b shares. the media regulator, it has a duty to be satisfied that the holder of a broadcasting license is fit and proper, ther
is really out of control after italy has been hit. it is really too big to bail out. >> president obama have focused on avoiding defaulting on its debt. there was a mix of spending cuts. a powerful typhoon has had parts of japan bringing heavy rain and wind. if forced road closures and flight cancellations. it is expected to approach eastern japan. congressmen are traveling to the islands on wednesday. the trip is a peace mission. you're watching live from singapore. still to come, hillary clinton's trade talks in india. why one of his victims is trying to stop the execution. the government continues to call for the downfall. >> is all part of the syrian cycle of violence. protests, shootings, funerals, shootings. these images, as some residents say they are stuck in their homes. as well as the opposition at home, it faces changes from nevada. >> i talked with them about the need for reform. he promised that he would work towards that. >> a broadening out of the diplomatic isolation. >> it is necessary that the international community and not just europe clearly speak out against the syrian
showed up and i saw him 10 or 20 meters away. we thought maybe it was a security guard. he had a big rival of some kind and he started shooting. there were several other people. they moved a few meters away. they tried to see if he was coming. it might actually would have turned. i think it was like 20 minutes later. the real police showed up. they said that he had been caught. >> that was a swedish politician who witnessing the events on the island. we will give you much more from norway. we have breaking news there. we have reports from several large explosions. they say that there were seven large explosions in the city tonight. they were very near the hotel. they had been bombing when they described as a civilian sites. the government has said that they were ready to hold more talks with senior u.s. officials. it comes after four months of a bombing raid. and there are no signs that the colonel will back down in libya. >> one man still dominates life. the answer can almost be seen from space. supporters of unveiled a giant picture of their leader. they say it is the biggest banne
the plant itself, workers have managed to set up a system to decontaminate the water. that is a big step towards bringing the crisis under control. the operations carried on for months to try to stop the reactors overheating. the facility is awash with water and they have 100,000 tons or more to deal with. this will take a very long time. >> thank you. the duke and duchess of cambridge are visiting prince edward island, the smallest province of canada. >> unsurprisingly, on an island named after queen victoria's father, this is a place that is keen on all things royal. unfortunately, not many royals get here. today, the island hit the jackpot when the most sought after royals in the world did not just come through town, they rode through. they got out of the carriage for a walkabout. al stretch chance by the score. by now, the island was feeling the effects of being on the atlantic coast. a good morning for lieutenant of the raf to demonstrate his fine skills. the canadiens have a special technique for search and rescue. they land the helicopter on the water. the approach was steady and
of confidence. they're concerned with the really big question that dominated all of american politics. how do you regrouped project america when the government is running out of money and the people are no longer prepared to pay more in taxes? this man looks like your typical computer science professor. he could really do with a new bicycle. he can certainly afford it. in a light 90's, he had two students, an enterprising duo that promised him a share in their new business if he gave him their advice. how much are you actually were? >> i don't like to answer that question. -- how much are you actually worth? >> more than a billion? >> that would not be completely inaccurate, let me put it that way. >> and billionaire professor who carries his own chipped tea mug. he is probably the richest academic in the world. he worries that in obama's america, wealth has become a dirty word. >> we should be empowering these people. we should be encouraging the next generation but i think there is almost a hostile attitude towards the people that have been successful in this country and the people that are
would be back in the small hours. he arrived in the airport in the pitch darkness. a big surprise to everyone. his supporters were ecstatic to see him back. >> do any now in the studio is our former venezuela correspondent. we will see the pictures of from the balcony. >> he was definitely more gaunt and he is clearly someone who is going to have to take some time to recover from what he has been through. let's not forget that he leads a very punishing schedule. he has been present for 12 years. those speeches are no exaggeration at all. he has admitted that he has not been taking sufficient care of himself. that is becoming clear that he now needs to change the way he works. he needs to think about its if he wants to continue to lead this revolution, how much more power he needs to delegate to his ministers. and let go of that. >> talk about the future of venezuela in a minute. let's do that now. what will happen if his health deteriorated? >> no matter what is going to happen, he will have to be forced to slow down. this is coming up to an election year, an election that he is a
governors always vote now because they can. >> belva: the other big controversy was over the salary of presidents in the system and the big raise that one got in san diego. >> exactly. >> belva: how did that all come about at the same time? >> it was amazing. because even as the trustees are raising, and the regions are racing the fees, a uc san diego campus president got a huge race and the uc system, mark larrett, got about a $1 million raise. that's not from state fund. others did get very hefty funds paid for by the state. why they do this, they say, well, these people have worked harder and they've taken on new responsibilities. and when you say that, well, the lower paid workers say, well, haven't we? >> in the market, these individuals in theory could go somewhere else and the system would lose them, right? isn't that the argument? >> harvard university head hunter came knocking on the door of mark larret, ceo of medical center at ucsf. that was the justification, the head hunter knocked on your door. they can't have him leave because he's in the middle of major projects. >>
. and right now we've got a government so big and so expensive it's zapping the drive out of our people and keeping our country from running at full capacity. the solution to this crisis is not complicated. if you're spending more money than you're taking in, you need to spend less of it. there is no symptom of big government more menacing than our debt. when it gets gripped and we liberate our economy and our future. we're up to the task. and i hope president obama will join us in this work. god bless you and your family, and god bless the united states of america. >> the house of representatives speaker there, john boehner, saying it's significant cuts and reforms that are needed to help the u.s. economy. and this is not debates or differences between congress and the white house but is more about american people and the future they seek for themselves and their families. let's return to mark who has been listening to that. sorry to interrupt you earlier but we wanted to hear what john boehner was saying and almost at times was replicating the tone of president obama there. >> yes. th
business together. $1.3 trillion economy is a big market for the utah and there lots of talk about investment opportunities during mrs. clinton's visit. >> you're watching "newsday." still to come on the program, the aid agency that had controversy by handing out less aid in uganda. >> and murdoch and sons prepare to answer questions about phone hacking corruption. we assess the future of news corp. south africans have celebrated former president's nelson mandela 93rd birthday. he spent the day with family in his home village where he was also visited by the president. millions of school children sang him a special birthday song before lessons began. >> smiling and surrounded by family members, these photos show mandiba as he is affectionately called with his family, three generations of them. the elderly statesman celebrated on monday with a party of school children at his home in his childhood village. [happy birthday to you ♪ >> across the country, school children sang a special version of the birthday song, happy birthday dada, mandiba. two years ago it was mandela day. and h
. >> last-minute catches on the big day. for hundreds of same-sex couples queuing up in the sweltering manhattan he, this was a moment to treasure. with the celebration comes spending. it has been estimated that same- sex weddings will boost the york's economy by half -- by $300 million in the next three years. the handful of states that have legalized same-sex marriage, new york has -- is the one that will draw in the crowds. it is a destination in its own right. mark has his cupcake at the ready. his customers in this predominantly gay area of manhattan are now planning their wet beans. >> roughly 50% of our business is wedding cakes. we are anticipating probably a 30% leap in revenue from a wedding cakes alone. >> same-sex weddings will generate cash for your, but for the couples who just got married here, financial equality is some way off. the federal government does not recognize these weddings. >> if one of us should pass away before the other, when it eventually happens, one cannot get the others social security. and with regard to finances and taxes and so on, we are not treat
wrong. watching on big screen, the residents of the principality voiced their approval. it is on tuesday newspapers reported rumors miss whitstock, a south african, had fled monaco for nis airport with a one-way ticket for johannesburg. the palace dismissed the story as ugly rumors prompted only by jealousy. the last time monaco experienced an occasion like this was in 1956 when his father, prince renier, married the hollywood actress grace kelly. some believed ail ber, the prince, with a playbay reputation would never settle down. after the rumors of the past few days, there's a general feeling of satisfaction in monaco their reigning prince is at last a married man. ♪ >> and congratulations to them. of course, much more on our website on all of our stories and, of course, don't forget can you follow us now on twitter. do have a look at that. have you been watching bbc news with me. thank you for watching. >> make sense of international news at bbc.com/news. >> funding was made possible by the freeman foundation of new york, stowe, vermont, and honolulu. newman's own foundation. and u
and for further problems in spain and italy. the problems could be so big they cannot be solved with the current instrument we have. >> there is no simple formula. patience is in short supply. if the european union cannot be made to work in its current form, the alternatives are stark. further integration fiscally or politically. they could break the eurozone apart. finding a solution is one of the biggest challenges the e.u. has ever faced. bbc news in brussels. >> the irish prime minister has made an unprecedented attack on the catholic church. he accuses the vatican of tampering investigation into child abuse by priests. >> the church and state in ireland have been linked for generations. the close relationship appears to have changed with the publication of the report into child sex abuse in the diocese of county cork. the report from the vatican had blocked and frustrated and inquiry into the issue as recently as three years ago. he was scathing in his criticism. >> the report shows the disfunction, disconnection, and elitism that dominates the culture of the vatican today. the rape and tor
. it is the first big test of the republican leadership. house speaker john boehner said it is a must that he get that -- that is passed tonight. it will damage his credibility if it does not happen. we will wait to see if he gets the votes. >> with no sign of a deal so far, we have the reaction from the asian markets. >> so far, the markets are lackluster, moving sideways. overall, investors remain nervous as there is still no resolution in sight in the u.s. debt ceiling issue. there is fear that the deal will not be done by next tuesday. some analysts believe that they fear crisis in the u.s. or europe will hit the asian financial markets just as hard as three years ago. despite the economic growth of the past decade, asia still remains deeply reliant on both of them, not only through exports of goods and services, but increasingly through the financial system and capital flows. as for wall street, buyers remained on the sidelines. in the currency markets, the euro continues to slip on sovereign debt fears, while the dollar is volatile ahead of the congressional vote. the yen is near four-month
the doubters wrong. watching on big screens, the residents. it is on tuesday that newspapers reported rumors that she had fled monaco for nice airport with a one-way ticket to johannesburg. the palace disrupted the stories as ugly rumors prompted only by jealousy. the last time monaco experienced an occasion like this was in 1956 when his father married the hollywood actress grace kelly. some believed albert, the prince with a playboy reputation, would never settle down. after the rumors the past few days, there's a general feeling of satisfaction in monaco that their reigning prince is at last a married man. >> now let's get a reminder of our main headline. a judge in new york has restricted the strict conditions posed on the former head of the i.m.f. dominic strauss kahn. much more on that, of course, on our website. you can also follow me on twitter and the rest of the team. you're watching "bbc news." >> check international news at bbc.com/news. >> funding was made possible by the freeman foundation of new york, stowe, vermont, and honolulu. newman's own foundation. and union bank. >> un
of a tent. there are stubbornly high death rates here. a delegation representing the u.s. another big donors came to see what needs to be done to prevent this refugee emergency turning into a disaster. >> the main key right now is to focus on the humanitarian side. we are in very deep need of better 10th facilities, better health facilities as well. it is absolutely a top priority, and the death rate we are seeing here is staggering. >> if the influx of somali refugees continues or becomes even bigger, the plan is to turn this area into the next refugee camp. it could be needed in just a matter of weeks. no wonder that everyone agrees that the emergency operation needs to be ramped up considerably. in the latest batch of refugees across the border, a greater number of the elderly and infirm. caring for them is adding to the complexity of this crisis. >> you are watching newsday on the bbc live from singapore and london. still to come, the latest from northern ireland, where police officers are trying to restore order after riots broke out in belfast. >> rejecting claims of buying his way to
. there is no doubt. we see the connection. nobody doing any other kind of terrorism would connect this big bomb blast at the center of the political environment in norway and then go over to this island, which is a remote island, which you would have to know about, and then start killing people. it is so domestic, this terrorism. >> the question that the norwegian leader was meant to be at either one of these locations, i assume you believe this makes it a very politically motivated attack. >> absolutely. absolutely. al-qaeda terrorism would go to the mainframe station in oslo and blow that up. -- main train station in oslo and blow that up. this is so local, so norwegian, so to speak. we have our domestic terrorism now. >> that was a professor and terrorist expert. earlier, the norwegian prime minister, jens stoltenberg, delivered a somber statement about the attacks and called on norway to stand together in this time of crisis. >> we have all been shaken by the evil that struck us so brutally. this is an evening demanding a lot from all of us, and the days following will demand even more. nor will
. this is another big display of support for, gadhafi. this is still small to many of the protests that have taken place in other capitals this year, particularly in egypt. this is designed to be a mirror image of what has taken place in other capitals from tunisia to egypt, syria, to bahrain. there, friday afternoon has become a day of protest against the government. in tripoli, this friday afternoon has become the day when people come out to show their support for gaddafi and his regime. a message is very clear for the outside world. despite the fact that rebels controlled part of this country, here come support for gaddafi remains strong. colonel gaddafi and his regime are going nowhere. hundreds of thousands of egyptians have demonstrated across the country to press for faster political reform. people were calling for change, freedom, and social justice. protesters demanded that those responsible for killing demonstrators during the popular uprising that toppled the former president. a group of british agencies have launched a joint fund-raising appeal to help more than 10 million people affec
compete in sydney. but other than that, i think it doesn't really matter. it's just having a big crowd and a really great atmosphere of people who just support good talent and good performances. >> and melissa, at what point in your time of diving did you realize that you may be good enough for the olympic-level competition? did you ever feel like you wanted to quit? >> well, it was always my dream to go to the olympic games. and i sort of came up pretty quickly. and it wasn't until i sort of surprisingly qualified for the games in 2006 that i realized that i would probably have a chance to go to the olympics in 2008. and, yeah, i just worked really hard and just ended up making the team. and that was a great experience. it's something you can't describe unless you're there. and since then i've been working really hard. i've gone through some tough times. i had a not-so-great year for performances the year after, in 2009. but since then i've built back up and i feel like my preparation is on track for next year. >> all right. best of luck to you, then. olympic hopeful there, melissa wu
that the united states has some kind of big debt problem, and in fact, you know, people who are just getting their news from the major media, they would think that we're facing in the united states, that we have 9.2 unemployment and an extremely weak economy as you can see from the data that came out today, they associate that with the debt. in fact, it's quite the opposite. we didn't have even a deficit problem until the recession. so the deficit problem that we're facing right now in the short term is simply a result of the recession and the weak recovery, and in the long term, of course, it's our health care spending that drives the long-term deficit, because we pay twice as much as other high-income countries per person. that is the medicare and medicaid. it's not a demographic problem or a spending problem, it's actually a health care cost problem. and the public is completely unaware of that from watching the news that they see. >> ok. there is a weak recovery, as you say, very quickly, the credit agencies may write down triple-a rating anyway, might they, yes or no? >> it's possible.
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